New Jersey § 43:15c-5
Full text of New Jersey New Jersey Statutes § 43:15c-5, with citation guidance and answers to common questions.
§ 43:15c-5.
Participants in the Defined Contribution Retirement Program shall be allowed to allocate
their own contributions and the contributions of their employer into investment alternatives
as determined by the Defined Contribution Retirement Program Board, including, but
not limited, to mutual funds, subject to such rules and regulations as the Division
of Pensions and Benefits may adopt, in accordance with all Internal Revenue Code rules
and regulations. All moneys which are deferred and deducted in accordance with the provisions of
sections 1 through 19 of P.L.2007, c. 92 ( C.43:15C-1 through C.43:15C-15 , C.43:3C-9 , C.43:15A-7 , C.43:15A-75 and C.43:15A-135 ) and the program shall remain assets of the State and shall be invested in accordance
with the provisions of this act and the program. The obligation of the State to participating employees and contractors shall be
contractual only and no preferred or special interest in the deferred moneys shall
accrue to such employees or contractors, except that all assets and income of the
program shall be held in trust for the exclusive benefit of participating employees
and their beneficiaries.
Frequently Asked Questions About New Jersey § 43:15c-5
What does New Jersey Statutes § 43:15c-5 cover?
Section 43:15c-5 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 43:15c-5?
A common citation format is "New Jersey Statutes § 43:15c-5" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 43:15c-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.